Integrated Advisors Network LLC purchased a new stake in TopBuild Corp. (NYSE:BLD – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,848 shares of the construction company’s stock, valued at approximately $385,000.
Several other large investors have also recently made changes to their positions in the stock. Millennium Management LLC grew its holdings in shares of TopBuild by 230.1% in the fourth quarter. Millennium Management LLC now owns 864,237 shares of the construction company’s stock valued at $135,244,000 after purchasing an additional 602,416 shares in the last quarter. Capital International Investors increased its position in shares of TopBuild by 135.6% during the first quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock worth $165,778,000 after acquiring an additional 526,053 shares during the period. Norges Bank acquired a new stake in shares of TopBuild in the fourth quarter valued at $70,298,000. Alyeska Investment Group L.P. boosted its holdings in TopBuild by 350.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 409,476 shares of the construction company’s stock valued at $64,079,000 after purchasing an additional 318,593 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in TopBuild during the 1st quarter worth about $55,524,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on BLD shares. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Truist Financial raised their price objective on shares of TopBuild from $256.00 to $340.00 and gave the company a “buy” rating in a report on Friday, August 4th. Benchmark reissued a “buy” rating and issued a $320.00 target price on shares of TopBuild in a report on Tuesday. Bank of America increased their price objective on TopBuild from $255.00 to $305.00 in a report on Friday, July 14th. Finally, Loop Capital boosted their target price on TopBuild from $225.00 to $285.00 in a research note on Friday, June 30th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $281.00.
Insider Activity
In related news, insider Steven P. Raia sold 2,700 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $214.31, for a total transaction of $578,637.00. Following the transaction, the insider now owns 11,970 shares of the company’s stock, valued at $2,565,290.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Steven P. Raia sold 2,700 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $214.31, for a total transaction of $578,637.00. Following the completion of the sale, the insider now directly owns 11,970 shares of the company’s stock, valued at $2,565,290.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert M. Buck sold 4,473 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $240.04, for a total transaction of $1,073,698.92. Following the completion of the transaction, the chief executive officer now directly owns 78,330 shares in the company, valued at $18,802,333.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,173 shares of company stock valued at $1,870,006. Insiders own 0.46% of the company’s stock.
TopBuild Trading Down 0.7 %
BLD opened at $296.78 on Thursday. The company has a quick ratio of 1.86, a current ratio of 2.37 and a debt-to-equity ratio of 0.63. TopBuild Corp. has a 52 week low of $140.66 and a 52 week high of $300.30. The business’s 50 day moving average is $259.42 and its two-hundred day moving average is $222.94. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 2.40 and a beta of 1.58.
TopBuild (NYSE:BLD – Get Free Report) last announced its earnings results on Thursday, August 3rd. The construction company reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $0.95. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.26 billion. TopBuild had a net margin of 11.61% and a return on equity of 29.75%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.43 EPS. On average, research analysts predict that TopBuild Corp. will post 17.39 EPS for the current year.
TopBuild Profile
TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.
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